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Here's how the Swiss plan to change the face of the global financial system would actually work - Business Insider

Business InsiderHere's how the Swiss plan to change the face of the global financial system would actually workBusiness InsiderBanks create this book money by lending out the money they are given in customer deposits and mortgage payments. They are only required to hold a fraction of this money on their books, even though customers still own this money, and lend the difference.16-05-2018

Business Insider

Here's how the Swiss plan to change the face of the global financial system would actually work
Business Insider
Banks create this book money by lending out the money they are given in customer deposits and mortgage payments. They are only required to hold a fraction of this money on their books, even though customers still own this money, and lend the difference.

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